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The United States imposed sanctions on Russia back in 2014 after Moscow annexed Crimea. But it appears oil giant ExxonMobil would like an exception for their own profit. They're seeking a sanctions waiver from the U.S. Treasury...

Last week, a pipeline outside the Russian town of Tuapse burst, sending a flood of oil into the Black Sea. Cleanup efforts have been slow due to severe storms and unsafe water conditions, and the local government has declared...

The Ukraine crisis may be inadvertently working towards environmental conservation in the Arctic. On Friday, the US government ordered American companies to cut off exports to Russian oil exploration within 14 days, stymying...

The Arctic is a less forgiving place than many folk care to recognize. Shell have just moved back the date on which they plan to restart drilling in the Chukchi Sea and won’t be going up there this year. At the same...

Uncertainty continues whether Russia can maintain its high level of oil production - 10.7 million b/d in 2012 to date on average. A new more benign tax regime which has recently been put in place, and significant industry...